Petrol price to increase by Rs. 2 per litre in July; diesel 3.75/litre

LAHORE: The Oil and Gas Regulatory Authority (OGRA) Wednesday recommended the petroleum ministry to increase the price of Petrol by Rs. 1.93 per litre for the month of July 2016.

The price of petrol may go up from the existing Rs. 64.27 to Rs. 66.20 per litre, an increase of Rs. 1.93 (3 %).

According to the summary, the price of kerosene oil may be increased from Rs. 43.25 to Rs. 51.87 litre with an increase of Rs. 8.62 (19.9%).

Similarly, Light Diesel Oil (LOD) prices may be increased by Rs. 5.38 (14.2%), meaning the price will go up from Rs. 37.97 to Rs. 43.37 per litre.

The price of HOBC may rise by Rs. 3.53(4.9 percent) taking the rate to Rs. 76.21 from Rs. 72.68 per litre.

High Speed Diesel (HSD) is likely to face a hike of Rs. 3.75 (5.2 %) which would take the price to Rs. 76.27 per liter from the existing Rs. 72.52.

The new prices will be effective from July 1, 2016.